How Investing in Oneok, Verizon, and W.P. Carey Can Build Your Passive Income Portfolio
Top Dividend Stocks to Start Generating Passive Income In April
Dividend stocks can produce a growing stream of passive income. The old adage is true: It takes money to make money. That's certainly the case when it comes to generating passive income. Most sources require an upfront investment to get the income train chugging along. However, once the income starts flowing, it can be meaningful.
Investing in dividend stocks
- Oneok (NYSE: OKE) - $3,333.33 - 4.94% - $164.67
- Verizon (NYSE: VZ) - $3,333.33 - 6.34% - $211.33
- W.P. Carey (NYSE: WPC) - $3,333.33 - 6.13% - $204.33
Data source: Google Finance. Dividend yields as of March 29, 2024.
Their average dividend yield is significantly higher than the typical dividend stock (the S&P 500's dividend yield is 1.3%). On top of that, this particular trio has a knack for increasing their dividends, suggesting investors should be able to collect a steadily rising income stream in the coming years.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.